Member Info for Legin252

The higher the SP the less dilution there may be from any fund raise. All good.

The final tranche will almost certainly be released on approval at the AGM. The interesting part is whether they will be sold.

All will become clear.

It is 0.3p yes

Most definitely.

The AGM will provide clarity and a way forward with the exit from TSP a huge positive,

Good to see and bodes well for rest of the week.

Clearly the market sentiment is positive with the buys and with so much to come it’s understandable and reassuring.

Should be good week💪🏻

I feel you may be right Sir James.

Looking forward to this week though. It will be good to clear up the issues surrounding 5g and also exit The TSP.

On top of that I am sure we will have a new roadmap and a new sense of direction which will lead to a very positive 2024.

GLA

Too true.

We should exit the TSP shortly after the AGM, and we will know where we are with any funding that will take us in to 2024 and the upward trajectory of growth expected.

The future is bright.

Just ignore and report.

Maybe read this and focus on this instead:

David Levi, CEO of Ethernity Networks, commented: "I am extremely pleased with the results of the Company's cash collection from customers during the TSP. This Contract, together with other ongoing contracts generated during Q4, will result in an expected cash collection during Q4 2023 of between $1.5m to $1.7m. As a result, I am optimistic for the future prospects of the Company".

2024 will be exciting for the business and will ensure this challenging period is well and truly behind us.

Please see links to telegram below in the thread.

Much better resource with helpful posters to answer questions.

Interesting week ahead

Mitch, good points.

The CFO left a few months ago and rightly so.

The shares to 5g are all part of terminating a subscription agreement for which you need to look back to Feb 22.

Bad management is one way of looking at it, or a wrong decision to trust your CFO, which is sadly put the business through a challenging phase.

Once through next week, even if there is a need for fund raise, the business will be in a position to come out of the TPS and move forward and 2024 and beyond will see the business grow to return value to investors.

But you and everyone must do their own research, go through investor relations, watch previous interviews, corporate presentations, and just do as much due diligence as you can.

NFA. Good luck.

The 29/11 RNS stated…

“The receipt of payments under the Contract would result in Ethernity having received total cash collections from its customer base of between $4.5 million and $4.7 million for FY 2023”

And

“This Contract, together with other ongoing contracts generated during Q4, will result in an expected cash collection during Q4 2023 of between $1.5m to $1.7m. As a result, I am optimistic for the future prospects of the Company".”

We can calculate cash collection H1 23.

Opening debtors were $1.299m, closing debtors were $1.466m and revenue was $1.399m. So H 1 cash collection was $1.399m less $1.466m plus $1.299m. So cash collection was $1.232m

We know first nine month cash collection was $3m so Q3 cash collection was $1.768m

Q4 cash collection is anticipated to be $1.5m to $1.7m

Q3 $1.768m included $1.5m of Tarana order plus $268k others

Q4 $1.5m to $1.7m includes $550k from the 2/11 contract and $800k from the 29/11 contract so totals $1.35m plus between $150k and $350k others

Therefore DL is hardly including any revenue or cash in his forecasts except what we know about. The G2 and UEP OEM revenue anticipated for Q4 23 and Q1 24 are not included in full. Maybe a part.

Therefore quarterly cash receipts 2023 were

Q1 23 $612k

Q2 23 $612k

Q3 23 $1,768k

Q4 23 $1,500k to $1,750k

Quarterly cash overhead costs are around now $1,500k having been $2,300k Q1 and Q2 23.

So amazingly, it seems to me that the company, thanks to the two recent November contracts has made that jump to being cash generative!

If we assume Tarana orders arriving in cash in Q1 24 and completing the G2 development and UEP Europe developments then Q1 24 is the same and then a strong Q2 24 and it will be a whole year of cash generation.

People are welcome to do their own research and due diligence,

The 29/11 RNS stated…

“The receipt of payments under the Contract would result in Ethernity having received total cash collections from its customer base of between $4.5 million and $4.7 million for FY 2023”

And

“This Contract, together with other ongoing contracts generated during Q4, will result in an expected cash collection during Q4 2023 of between $1.5m to $1.7m. As a result, I am optimistic for the future prospects of the Company".”

We can calculate cash collection H1 23.

Opening debtors were $1.299m, closing debtors were $1.466m and revenue was $1.399m. So H 1 cash collection was $1.399m less $1.466m plus $1.299m. So cash collection was $1.232m

We know first nine month cash collection was $3m so Q3 cash collection was $1.768m

Q4 cash collection is anticipated to be $1.5m to $1.7m

Q3 $1.768m included $1.5m of Tarana order plus $268k others

Q4 $1.5m to $1.7m includes $550k from the 2/11 contract and $800k from the 29/11 contract so totals $1.35m plus between $150k and $350k others

Therefore DL is hardly including any revenue or cash in his forecasts except what we know about. The G2 and UEP OEM revenue anticipated for Q4 23 and Q1 24 are not included in full. Maybe a part.

Therefore quarterly cash receipts 2023 were

Q1 23 $612k

Q2 23 $612k

Q3 23 $1,768k

Q4 23 $1,500k to $1,750k

Quarterly cash overhead costs are around now $1,500k having been $2,300k Q1 and Q2 23.

So amazingly, it seems to me that the company, thanks to the two recent November contracts has made that jump to being cash generative!

If we assume Tarana orders arriving in cash in Q1 24 and completing the G2 development and UEP Europe developments then Q1 24 is the same and then a strong Q2 24 and it will be a whole year of cash generation.

Go through information on the investor relations section on company website, and read all RNS’s, and watch previous interviews.

Take note from AGM.

Good luck

Spot on Tricky, and when you look at growth projections from previous company presentations and previous interviews, 2024 is going to be an exciting and rewarding year.

11 million plus 50 million subject to share price (ie 0.3p) which at present means its 61 million. It’s also subject to subscriber making the request within 30 days of shareholder approval. I am sure they will and they can then make a decision to sell or not as they can maintain the agreed holding threshold if they wish.

This is known to the market so no shocks or surprises.

The future really is incredibly positive with on track revenue increases, and that leads in to substantial growth in 2024 and beyond.

Due diligence is key so it is worth your time to look at previous interviews and company presentations.

An expanding company such as Ethernity is an excellent opportunity for investment right now. You could not ask for a better opportunity to invest in a business with various patents for leading tech for which there is a demand, and that demand is in a huge market.

Right now this is a watershed moment, which has presented investors with an entry opportunity that will return value.

GLA

DYOR

Report the trolls

The 29/11 RNS stated…

“The receipt of payments under the Contract would result in Ethernity having received total cash collections from its customer base of between $4.5 million and $4.7 million for FY 2023”

And

“This Contract, together with other ongoing contracts generated during Q4, will result in an expected cash collection during Q4 2023 of between $1.5m to $1.7m. As a result, I am optimistic for the future prospects of the Company".”

We can calculate cash collection H1 23.

Opening debtors were $1.299m, closing debtors were $1.466m and revenue was $1.399m. So H 1 cash collection was $1.399m less $1.466m plus $1.299m. So cash collection was $1.232m

We know first nine month cash collection was $3m so Q3 cash collection was $1.768m

Q4 cash collection is anticipated to be $1.5m to $1.7m

Q3 $1.768m included $1.5m of Tarana order plus $268k others

Q4 $1.5m to $1.7m includes $550k from the 2/11 contract and $800k from the 29/11 contract so totals $1.35m plus between $150k and $350k others

Therefore DL is hardly including any revenue or cash in his forecasts except what we know about. The G2 and UEP OEM revenue anticipated for Q4 23 and Q1 24 are not included in full. Maybe a part.

Therefore quarterly cash receipts 2023 were

Q1 23 $612k

Q2 23 $612k

Q3 23 $1,768k

Q4 23 $1,500k to $1,750k

Quarterly cash overhead costs are around now $1,500k having been $2,300k Q1 and Q2 23.

So amazingly, it seems to me that the company, thanks to the two recent November contracts has made that jump to being cash generative!

If we assume Tarana orders arriving in cash in Q1 24 and completing the G2 development and UEP Europe developments then Q1 24 is the same and then a strong Q2 24 and it will be a whole year of cash generation.